Bank of America layoffs, on the record
Every job cut, severance charge and restructuring Bank of America reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from approximately 217,000 to approximately 213,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 217,000 | December 31, 2022 |
| 10-K for 2023 | approximately 213,000 | December 31, 2023 |
| 10-K for 2024 | approximately 213,000 | December 31, 2024 |
| 10-K for 2025 | approximately 213,000 | At December 31, 2025 |
Job cuts, severance and restructuring
None of Bank of America’s annual reports for 2022 to 2025 describes a layoff, workforce reduction or restructuring.
Bank of America has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Bank of America’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.